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Business Developments & Projects

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Sattelite photo showing the 2021 oil spill off the coast of Baniyas, Syria; Credit: Planet Labs
Business Developments & Projects

More than 750 oil slicks spotlight pollution risks in Mediterranean Sea

757 oil slicks, covering 1.9 million hectares in the Mediterranean Sea, have been identified between July 2020 – January 2024.

about 2 years ago
Ocean Power Technologies delivers first set of USVs under its largest single order to date
Business Developments & Projects

Ocean Power Technologies delivers first set of USVs under its largest single order to date

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U.S.-headquartered Ocean Power Technologies (OPT) has delivered the first set of WAM-V uncrewed surface vehicles (USVs) to subsea specialist Sulmara as part of the largest single order of WAM-Vs to date. According to OPT, the WAM-V is designed to adapt to various marine environments and applications

about 2 years ago
MacArtney’s to connect GreenLink at PacWave South for testing marine energy technologies
Business Developments & Projects

MacArtney’s to connect GreenLink at PacWave South for testing marine energy technologies

MacArtney Underwater Technology Group’s GreenLink terminations will connect technology at PacWave South (PWS), an Oregon State University platform for testing marine energy devices in open-ocean environments to advance wave energy as a reliable power source.

about 2 years ago
New alliance looking to boost hydrogen, ammonia and biofuel production
Business Developments & Projects

New alliance looking to boost hydrogen, ammonia and biofuel production

Empati and TNE have signed a strategic memorandum of understanding (MoU) to accelerate green hydrogen, ammonia and biofuel production.

about 2 years ago
Weco preparing for testing in the Delta Flume at Deltares
Business Developments & Projects

Dutch company to test wave energy converter at ‘world’s largest’ wave simulation facility (Video)

The Hague-based Wave Energy Collective (Weco) is to test its wave energy converter (WEC) in the Delta Flume at Deltares.

about 2 years ago
MLJ3 platform; Source: TotalEnergies
Business Developments & Projects

Malaysian oil & gas firm swoops up TotalEnergies’ Brunei business for $259 million

TotalEnergies has set the wheels in motion to divest its affiliate in Brunei to Hibiscus Petroleum, enabling the latter to take over an offshore asset.

about 2 years ago
Solstad subsea vessels get prolonged charters
Business Developments & Projects

Solstad subsea vessels get prolonged charters

Norwegian shipping company Solstad Offshore has secured contract extensions for two of its construction support vessels (CSVs). Subsea7 has exercised the 2025 optional charter period for the Normand Subsea, with the contract now firm until December 31, 2025, with no further options thereafter. The 2

about 2 years ago
More North Sea work comes along to Subsea7
Business Developments & Projects

More North Sea work comes along to Subsea7

UK-headquartered oil and gas company Dana Petroleum has awarded Subsea7 with a contract to deliver subsea services at a field development located in the UK Central North Sea. The Bittern oil and gas field, located in Blocks 29/1a and 29/1b, was discovered in 1996 and has been developed through five

about 2 years ago
New company logo; Source: OMV
Business Developments & Projects

OMV’s revamped brand identity puts focus on sustainability

OMV has revealed a new brand identity highlighting sustainability embodying the company’s ambition to become net-zero by 2050.

about 2 years ago
Outer Harbor project site in February 2024; Source: Venice Energy
Business Developments & Projects

World’s first renewable-powered floating LNG import terminal closing in on new partners amid ‘strong’ interest

Venice Energy is holding formal talks with multiple potential partners with ties to the U.S. and Asia to secure the future of a proposed LNG import terminal project in South Australia.

about 2 years ago
Everfuel eyes up to 2 GW of green hydrogen production in Denmark
Business Developments & Projects

Everfuel eyes up to 2 GW of green hydrogen production in Denmark

Everfuel has submitted a project proposal for the phased development of up to 2 GW of green hydrogen production capacity in Denmark.

about 2 years ago
SLB closes joint venture with Norwegian carbon capture company
Business Developments & Projects

SLB closes joint venture with Norwegian carbon capture company

American oilfield services company SLB and Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) have completed their previously announced joint venture, which includes ACC’s sale of 80% of its shares in Aker Carbon Capture Holding (ACCH) to a subsidiary of SLB. It was announced in Ma

about 2 years ago
UK duo in strategic partnership for offshore wind cables
Business Developments & Projects

Two UK firms forge ties to drive innovation in offshore wind cables

UK companies 2H Offshore and Vekta Group have established a strategic partnership aimed at driving innovation in high-voltage cables for offshore wind developments. London-headquartered 2H provides structural, hydrodynamic, geotechnical engineering and related digital and integrity services for fixe

about 2 years ago
Rendering of Rio Grande LNG; Source: NextDecade
Business Developments & Projects

Another 20-year offtake deal for US project as Aramco bolsters its LNG arsenal

Aramco has inked non-binding heads of agreement (HoA) with NextDecade for a multi-year LNG sale and purchase agreement (SPA) for offtake from an LNG project in Texas.

about 2 years ago